Greek central bank with its monetary policy report 15 June 2016

  • greatest risk is from excessive tax emphasis
  • Eurozone recovery remains fragile
  • primary surplus target should be lowered to 2%
  • debt sustainability is feasible even with lower medium-term primary budget surplus target
  • completion of first bailout review enhances growth boosts confidence

Grexit kicked to the back pages by Brexit but expect it to return if the UK votes Leave next week.